Shares of Sunnova Energy International Inc. (NYSE:NOVA – Get Rating) traded up 11.8% during mid-day trading on Friday . The stock traded as high as $19.74 and last traded at $19.62. 13,011 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 2,460,794 shares. The stock had previously closed at $17.55.
Several analysts recently commented on NOVA shares. B. Riley cut their price objective on Sunnova Energy International from $29.00 to $26.00 in a report on Friday, April 29th. Raymond James decreased their target price on Sunnova Energy International from $50.00 to $32.00 and set a “strong-buy” rating on the stock in a report on Thursday, February 24th. Northland Securities initiated coverage on shares of Sunnova Energy International in a report on Wednesday, May 18th. They set an “outperform” rating and a $30.00 price target on the stock. Robert W. Baird decreased their price objective on shares of Sunnova Energy International from $56.00 to $46.00 in a research report on Monday, February 28th. Finally, Piper Sandler decreased their price target on Sunnova Energy International from $33.00 to $27.00 and set an “overweight” rating on the stock in a report on Tuesday, May 24th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $43.23.
The stock has a market cap of $2.16 billion, a P/E ratio of -15.29 and a beta of 2.27. The company has a debt-to-equity ratio of 2.30, a quick ratio of 1.63 and a current ratio of 1.63. The stock’s fifty day moving average is $18.59 and its 200 day moving average is $21.94.
Sunnova Energy International (NYSE:NOVA – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The company reported ($0.30) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.08. The business had revenue of $65.72 million during the quarter, compared to analyst estimates of $65.18 million. Sunnova Energy International had a negative return on equity of 9.95% and a negative net margin of 52.12%. During the same period last year, the company earned ($0.31) EPS. Equities research analysts predict that Sunnova Energy International Inc. will post -1.18 EPS for the current year.
Several hedge funds and other institutional investors have recently made changes to their positions in NOVA. Captrust Financial Advisors grew its position in shares of Sunnova Energy International by 236.4% during the 1st quarter. Captrust Financial Advisors now owns 1,487 shares of the company’s stock worth $34,000 after buying an additional 1,045 shares in the last quarter. Fulcrum Asset Management LLP bought a new position in shares of Sunnova Energy International during the fourth quarter valued at approximately $74,000. Nisa Investment Advisors LLC raised its stake in Sunnova Energy International by 30.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,600 shares of the company’s stock worth $51,000 after buying an additional 600 shares in the last quarter. US Bancorp DE lifted its holdings in Sunnova Energy International by 168.8% during the first quarter. US Bancorp DE now owns 2,809 shares of the company’s stock worth $65,000 after buying an additional 1,764 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Sunnova Energy International by 198.1% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 3,073 shares of the company’s stock valued at $71,000 after acquiring an additional 2,042 shares during the period.
Sunnova Energy International Company Profile (NYSE:NOVA)
Sunnova Energy International Inc provides residential energy services in the United States. The company offers electricity, as well as offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. As of December 31, 2021, it operated a fleet of residential solar energy systems with a generation capacity of approximately 1,140 megawatts serving over 195,000 customers.
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